SalaryNode

Average Chief Executives Salary in Duluth, MN-WI

Chief Executives in Duluth, MN-WI earn an average annual salary of $183,380. This figure is notably lower than the national average of $283,090, reflecting a localized economic landscape that influences executive compensation. Factors such as regional industry concentration and the specific demand for high-level leadership within the Duluth market contribute to this differential.

Executive Summary

  • Average Salary: $183,380 per year.
  • Growth Trend: Salaries have shifted 21.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $275,070.
  • Outlook: The Duluth, MN-WI market for Chief Executives, while modest in size with a total workforce of 250, shows a concentration of 1.46, indicating a slightly higher presence of these roles compared to the national average. This suggests a stable, albeit not rapidly expanding, demand for executive leadership within the region's established industries.
2024 Market Data

Salary Overview

$183,380

The average Chief Executives in Duluth, MN-WI earns-35.2%below the national average.

BreakdownBased on 40h/week
Hourly

$88.2

Weekly

$3,527

Monthly

$15,282

Chief Executives Salary Distribution in Duluth, MN-WI

Salary progression for Chief Executives in Duluth, MN-WI, like elsewhere, is heavily influenced by experience. Entry-level executive positions will command lower salaries, while seasoned leaders with extensive track records and proven success can expect compensation significantly above the average. The widening gap between lower and higher salary percentiles underscores the substantial career progression and earning potential available with accumulated expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$80,360$38.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$137,535$66.1
ManagerOversees team, compliance, and project delivery.50% (Median)$147,140$70.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$229,225$110.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$275,070$132.2

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$183,380

Gross Pay

Real Wage (Purchasing Power)

$183,380

Adjusted for COL (100)

The average annual salary of $183,380 for Chief Executives in Duluth, MN-WI aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an executive's salary in Duluth is equivalent to the national average, offering a stable financial environment for those considering relocation.

Job Market Context

250

Total Jobs

2.001

Per 1K Jobs

1.46

Location Quotient

Above Average

With a location quotient of 1.46, Duluth, MN-WI has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.

With a Location Quotient of 1.46, Chief Executive roles are more concentrated in Duluth, MN-WI than the national average. This suggests a specialized demand for these high-level positions within the local economy, potentially indicating a competitive market where experienced executives may find ample opportunities, but also face competition from a slightly more concentrated pool of talent.

Nearby Job Markets

Hiring Chief Executivess?

Frequently Asked Questions

How much does a Chief Executives make in Duluth, MN-WI?

The median annual salary for a Chief Executives in Duluth, MN-WI is $183,380. This typically ranges from $80,360 for entry-level positions to $275,070 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Duluth, MN-WI is 35.2% lower than the national median of $283,090.

Is Duluth, MN-WI a lucrative place for Chief Executives?

Yes, with caveats.While the average salary of $183,380 is below the national average, the cost of living is also at the national average, making the nominal salary hold its value. The higher-than-average concentration of these roles suggests a stable market.

Is Duluth, MN-WI a good place to live for Chief Executives?

The Cost of Living Index in Duluth, MN-WI is 100. While higher than average, this often correlates with higher wages.

How does the Duluth Chief Executive salary compare to the national average?

Chief Executives in Duluth, MN-WI earn an average of $183,380 annually, which is significantly lower than the national average of $283,090.

What is the cost of living in Duluth, MN-WI?

The cost of living in Duluth, MN-WI is at the national average, with an index of 100, meaning it is neither more nor less expensive than the typical U.S. city.

How concentrated are Chief Executive roles in Duluth, MN-WI?

Chief Executive roles are more concentrated in Duluth, MN-WI than the national average, with a Location Quotient of 1.46, indicating a slightly higher prevalence of these positions.

What does the number of jobs per 1,000 workers indicate for Chief Executives in Duluth?

With 2.001 jobs per 1,000 workers, Chief Executive roles represent a small but present segment of the Duluth workforce, aligning with the national average's representation.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Duluth, MN-WI area with a job density of 2.001 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in Duluth, MN-WI